Dechert Advises Kier on Acquisition of Buckingham Group’s Rail Business Out of Administration

 
September 05, 2023

Dechert advised Kier Group plc, the publicly-listed construction and property group, on its acquisition of Buckingham Group’s rail division out of administration.

The transaction, implemented by way of a pre-pack sale, saved 180 jobs and will see the rail division integrated into Kier’s Transportation business, which designs, builds and maintains infrastructure for the highways, rail, aviation and ports sectors.

The Dechert team advising Kier was led by restructuring partners Adam Plainer and Kay Morley with associates Ola Majiyagbe and Fahwad Khan. Specialist advice was provided by corporate partner Chris Field, employment partner Jason Butwick, tax partner Daniel Hawthorne, intellectual property counsel Nathan Smith and real estate counsel Elizabeth Le Vay.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our 1,000+ lawyers across 21 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.

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